15 Oct New report from British Business Bank reveals UK Business Angels remain optimistic
The British Business Bank has published the new UK Business Angels Market report 2020. The report reveals that angel investors continue to invest in high growth, early stage businesses and are optimistic about the future despite current economic uncertainty.
The report found that:
- 57% of business angels made an investment between April – July 2020;
- 46% of business angels plan to build their portfolio in the current financial year;
- 72% of angel investors are confident about the future growth in value of their portfolio; and
- Healthcare, Biotech, Life Sciences, Pharmaceuticals and Software as a Service (SaaS) remain the most favoured investment sectors.
The survey also shows that 41% of business angels have not been negatively impacted by Covid-19, and in fact 9% are seeing a positive outcome. The most popular reason for this is that the sectors they have invested in have performed strongly despite the impact of Covid-19.